Central California Economic Development Corporation in Bakersfield, California (CA)

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Central California Economic Development Corporation
Employer Identification Number (EIN)770538855
Name of OrganizationCentral California Economic Development Corporation
Address7912 Corte Nobleza, Bakersfield, CA 93309-7142
SubsectionCharitable Organization
Ruling Date02/2001
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$500,000 to $999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$819,881
Amount of Income$3,124,312
Form 990 Revenue Amount$3,124,312
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development


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Amount of income in 2012: $3,124,312 (it was $3,536,949 in 2011)
Central California Economic Development Corporation: 

 $3,124,312
Other organizations performing similar types of work: 

 $141,217

Assets in 2012: $819,881 (it was $1,024,223 in 2011)
Central California Economic Development Corporation: 

 $819,881
Other organizations performing similar types of work: 

 $121,026

Expenses in 2012: $3,168,568
This organization: 

 $3,168,568
Other organizations performing similar types of work: 

 $118,087

Income to expenses ratio in 2012: 1.0
Central California Economic Development Corporation: 

 1.0
Other organizations performing similar types of work: 

 1.6

Number of employees in 2012: 79
Central California Economic Development Corporation: 

 79
Other organizations performing similar types of work: 

 1

Employees paid over $100,000 in 2012: 1.3%
This organization: 

 1.3%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 87.4%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$3,124,312
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$3,123,832
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$209
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$271
Gross income from fundraising events$271
Less: direct expenses$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$3,168,568
Compensation of current officers, directors, trustees, and key employees$111,727
Other salaries and wages$1,669,228
Payroll taxes$182,979
Professional fundraising services$0
Other$1,204,634
Balance Sheet (for 2012)
Total assets$819,881
Total liabilities$1,018,697
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$379,496
Unsecured notes and loans payable to unrelated third parties$0
Other$639,201
Total net assets or fund balances$-198,816
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$19,397,733
Gifts, grants, contributions, and membership fees received$19,378,096
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$19,637
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Ventura County Community Development Corporation2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813CA2003-05$5,683,551
2Santa Ana Empowerment Corporation20 Civic Center Plz Ste M-25, Santa Ana, CA 92701-4058CA2001-02$2,780,246
3Westchester Streetscape Improvement Association Inc7389 Henefer Avenue, Westchester, CA 90045CA2003-10$2,030,566
4Southeastern Economic Development Corporation404 Euclid Ave Ste 221, San Diego, CA 92114-2206CA1982-04$1,854,590
5Sustainable Economic Enterprises Of Los Angeles, Hollywood Farmers Market6255 W Sunset Blvd Ste 714, Los Angeles, CA 90028-7408CA1997-09$1,699,433
6Pacific West Certified Development Corporation30376 Esperanza Ste 200, Rancho Santa Margarita, CA 92688CA2011-05$1,254,587
7Sfmade926 Howard St, San Francisco, CA 94103-4109CA2010-10$1,044,097
8Pace Finance Corporation1055 Wilshire Blvd, Los Angeles, CA 90017-2431CA2013-07$847,446
9Orange County Shared Spaces Foundation4041 Macarthur Blvd Ste 510, Newport Beach, CA 92660-2503CA2008-10$673,978
10Yuba Sutter Economic Development Corporation950 Tharp Rd Ste 1303, Yuba City, CA 95993-8351CA1995-04$509,769
11Telacu Community Capital5400 E Olympic Blvd Ste 300, Commerce, CA 90022-5187CA2000-09$481,738
12Roseville Community Development Corporation Inc311 Vernon Street, Roseville, CA 95678-2649CA2012-05$415,041
13Top Of Broadway Community Benefit District Inc250 Columbus Ave Ste 207, San Francisco, CA 94133-4536CA2014-07$305,658
14Up Urban Inc315 Linden Street, San Francisco, CA 94102CA2014-11$208,867
15Downtown Fresno Arts Culture Entertainment And Sports845 Fulton Mall, Fresno, CA 93721CA2010-04$181,525
16Los Angeles Urban Renewal Network Inc251 Autumn Drive Ste 100, San Marcos, CA 92069CA2010-06$171,480
17Downtown Association Of Richmond Ca Usa, Etc Richmond Inc3095 Richmond Parkway Suite 210, Richmond, CA 94806CA2002-01$138,875
18Scott Valley Focus IncPO BOX 981, Fort Jones, CA 96032-0981CA2001-12$137,634
19Bethel La Community Development Corporation7911 S Western Ave, Los Angeles, CA 90047CA2008-03$117,172
20Centro Community Partners825 Washington Street, Oakland, CA 94607-4078CA2013-01$100,411
Number of organizations performing similar types of work
Alaska2
Alabama36
Arkansas9
Arizona16
California121
Colorado26
Connecticut22
District of Columbia16
Delaware6
Florida53
Georgia54
Hawaii10
Iowa18
Idaho7
Illinois68
Indiana30
Kansas9
Kentucky18
Louisiana32
Massachusetts22
Maryland45
Maine10
Michigan54
Minnesota10
Missouri35
Mississippi17
Montana9
North Carolina65
North Dakota5
Nebraska6
New Hampshire8
New Jersey38
New Mexico14
Nevada6
New York135
Ohio94
Oklahoma18
Oregon18
Pennsylvania93
Rhode Island2
South Carolina34
South Dakota10
Tennessee36
Texas74
Utah5
Virginia30
Vermont9
Washington29
Wisconsin30
West Virginia14
Wyoming3
International7
Total1,538

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